Quote:
Originally Posted by Senator Clay Davis
But the problem with that approach is there's no way to guarentee prices won't drop. It most likely won't but if it does then what?
|
Quote:
Originally Posted by GP_Matt
I will admit that it is highly unlikely that natural gas will drop in the near future, but I thought the same when it was sitting at $3 and again at $4. If I keep on this path then I will be right eventually.
|
Wait, what? Have you guys looked at where storage levels are already right now? Even as we move into the time of year when gas storage levels normally increases even further? (Note: as always, I'm just a numbers kind of guy who can totally wrong as the next person).
http://ir.eia.gov/ngs/ngs.html
Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2007 through 2011.